Disney Is Building an Armada of Cruise Ships
It was easy to miss this in Walt Disney's (NYSE: DIS) nearly three-hour D23 presentation on the future of its theme parks and experiences on Saturday night, but the media giant announced a pretty massive expansion of its cruise ship fleet. Disney announced that it's adding another four ships to its cruise line, on top of the four that are already in the works.
In a few years, Disney-branded boats will go from today's slate of five vessels to a baker's dozen. With the cruising industry growing a lot faster than the theme park space, it's easy to see why the world's largest theme park operator is boosting the capacity of its ships.
There are risks, too, but let's take a closer look at one of the biggest D23 announcements over the weekend that may have slipped through most investing radars.
Source Fool.com
